All shared ownership leases, on homes funded by the Homes and Communities Agency (HCA), granted on or after 06 April 2010 must use new model forms of lease. The leases have been revised to clarify and enhance the protection enjoyed by the lender and provide a clearer explanation to the consumer. An explanatory note is also provided along with key information sheets for shared owners which are also found within the leases themselves.
If you are in the process of developing shared ownership properties and want to know how these changes affect you then contact Steven Petty
Steve Petty, Commercial Property Solicitor
This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation to discuss your particular circumstances.